HR Indya

Well this is a surprise to all PF contributing employees. Now if you have quit your employer and are going to submit your PF withdrawal Form, this is what you need to do to know the status of your PF claim…… just jot down your mobile number on top of the Form 19 (PF withdrawal [...]

Industrial Disputes (Amendment) Act 2010 has come into force with effect from 15.9.2010. Following are the changes

Amendment of the term “appropriate Government” defined under section 2(a) of the Act
Enhancement of wage ceiling for coverage of a person of Supervisory category from Rs.1600 per month to Rs.10,000 under section 2(s) of the Act;
Providing access [...]

Living up to its populist image and with an attempt to surge industrial growth the Govt looks at amending the  Contract Labour Act of 1970. The intended change is to bring the salaries of the contract labour at par with those of the permanent workmen of the respective Company. This amendment further suggest to give [...]

Interestingly, it was an audit that revealed a hidden interest accrued due to a suspense account. This surplus amount accounted to Rs. 1730 crores and that was just enough to raise the that bar of  the PF interest rate by 1% from 8.5% to the declared 9.5%.
This is the first time in the last 5 [...]

The Central Board of Direct Taxes has hiked the tax exemption limit from 3.5 lakhs to 10  lakhs.This change is w.e.f  24-05-2010, the date  from which the applicability of the new slab of 10 lakh applies.
This increase in the Gratuity amount itself is a breather for many a pensioners whose livelihood would have to sustain [...]

Earlier this April, the Trade Unions were mounting pressure on the EPFO to hike its PF interest rates from the present 8.5% to as much as 9.5% – 10%. EPFO is sitting on corpus fund of over 5 lakh crore rupees ( how many zeros is that?!?!) from a subscriber base of 4.7 crores. During [...]